Geodesic
A~life-cycle model of capital and production function with reserve capacity
Matematičeskoe modelirovanie, Tome 7 (1995) no. 7, pp. 19-33.

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A model of the investment policy of firms with reserve capacities is suggested. The ageing of productive assets is taken into account. It is shown that the conceptions of a technology and a firm can be separated from each other and that the total production of firms can be described by means of an effective distribution of the total capacity among the technologies. The model gives rise to a new class of production functions. 
@article{MM_1995_7_7_a1,
     author = {N. N. Olenev},
     title = {A~life-cycle model of capital and production function with reserve capacity},
     journal = {Matemati\v{c}eskoe modelirovanie},
     pages = {19--33},
     publisher = {mathdoc},
     volume = {7},
     number = {7},
     year = {1995},
     language = {ru},
     url = {http://geodesic.mathdoc.fr/item/MM_1995_7_7_a1/}
}
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N. N. Olenev. A~life-cycle model of capital and production function with reserve capacity. Matematičeskoe modelirovanie, Tome 7 (1995) no. 7, pp. 19-33. http://geodesic.mathdoc.fr/item/MM_1995_7_7_a1/